Industry News

Tata Consultancy Services Ltd and Wipro Ltd, to clients seeing a significant drop in the last two years, even as they continue to repose faith in Infosys Ltd.. A Mint analysis of over 60 analyst recommendations on the..."/>
Brokerages lower growth outlook for IT sector [Mint, New Delhi]
Shubham Housing looks to raise $100 million [Mint, New Delhi]
July home sales plunge in Chicago, suburbs [Chicago Tribune]
Stonegate Bank, an aggressively growing lender from Pompano Beach, will pay $36.5 million in stock to acquire Insignia Bank of Sarasota. Stonegate is making its second deal for a local bank, following its 2014 purchase of Florida Shores Bank-Southwest in Venice. Insignia is a $248 million-asset bank that operates two offices in Sarasota."/>
Stonegate Bank buying Insignia [Sarasota Herald-Tribune, Fla.]
Oracle's claims that the state violated the state's public records law when it withheld or delayed release of certain Cover Oregon-related emails from the software company. "Oracle contends that the public records law permits it to litigate how a public agency searches for or maintains documents and that somehow the Governor's office's efforts fall short,"..."/>
Oregon wins big early round against Oracle in Cover Oregon dispute [The Oregonian, Portland, Ore.]
Allstate is now offering home-sharing protection in Michigan. Allstate becomes the first major insurer to offer personal property protection targeted to the needs of home-sharing hosts. Home-sharing companies represent an evolving economy, which creates new protection needs for homeowners considering renting out their homes on a temporary basis."/>
Allstate Offers Home-Sharing Protection in Michigan to Better Protect Those Who Occasionally Rent Their Homes
Apple, Google, Facebook and many others, think they've got it all figured out. They're getting money, but they don't think they need advice or mentoring."/>
East Bay Times Michelle Quinn column [East Bay Times]
Melissa Yang is recognized by Continental Who's Who
Rockwell Collins will begin to move those 300 employees back into its main campus next month. Rockwell spokeswoman Pam Tvrdy-Cleary said the decision to move them to 400 Collins Rd. NE was to co-locate them with the employees they work with and support."/>
Rockwell Collins to move 300 out of downtown [The Gazette, Cedar Rapids, Iowa]
Comcast Corp.' s NBCUniversal division..."/>
M and A Navigator: Deal pipeline –24 August
Union Bankshares Corporation, and president and CEO of Union Bank& Trust effective Oct. 1. He will take on the CEO role of the parent company Jan. 2.."/>
Beale to step down as Union CEO [The Free Lance-Star, Fredericksburg, Va.]
MB Financial, Inc., the parent company of MB Financial Bank, N.A., announced today it has completed its merger with American Chartered Bancorp, Inc., and its wholly owned bank subsidiary, American Chartered Bank has been merged into MB Financial Bank. The American Chartered merger adds 15 Chicago-area offices, $2.77 billion in assets and $2.36 billion in deposits to MB Financial’ s commercial..."/>
MB Financial Completes American Chartered Merger
Yintech Investment Holdings Ltd. has agreed to acquire 100% equity interest in China-based online spot commodity trading services provider Gold Master Company Ltd, the company said. Under the terms of the agreement and subject to certain closing conditions, Yintech has agreed to acquire a 100% equity stake in Gold Master for a combination of cash and share consideration, including USD 42.2 m in cash and USD..."/>
Yintech Investment to Acquire Chinese Commodity Trading Services Firm

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